08 Sep, 2017

Franchise Documents

Franchising is the business which is slightly different from the normal business. It is different in a way that normal business needs to get started form zero. However, Franchising is an already established business. If you would like to be a franchisee, you will be buying your franchise license, prepare a good amount of money to have the rights of owning the business, its name and reputation as well. All you have to do is run the business at their terms. In normal business, you are the boss but at franchising, someone is keeping an eye on you. You are not supposed to violate the terms and conditions of that particular company, which you are representing. There are some laws which should be followed and they are pre-described by the franchisor to the franchisee. These laws are written in documents known as Franchise documents. All of the terms and conditions are mentioned in these documents and the franchisees are supposed to follow them. When you are in franchising industry, you must be well aware of the fact that all the franchise documents are written in plain English because it is a law. Whenever something goes bad, there are certain rules and regulations which are looked upon and these are the ones responsible for the success or downfall of any business. When the agreement or the business go bad, people who are with that business claim that they did not understand any particular term of the franchise document or agreement provided. That is why the document must be written in plain English to avoid any kind of mishap. The language being used for the agreement should be clear and thorough. This is for the reason that, any sort of misunderstanding, even it is a word only, could get you into bigger troubles. The language, which must be adopted for the franchise document must be easily understood by the people. Another thing to think about understanding the franchise document is the use of franchise attorney. Franchise attorney is the department or the person sitting in between the franchisee and the franchisor if there is any problem in understanding the terms and conditions of the agreement. He resolves all the issues of franchisee by conversing with both of them. Therefore, you must write the franchise document in simple English or consult an attorney if you want to avoid any trouble.